Beauty Tools Market to Expand at a CAGR of 5.6% during Forecast Period: TMR Study

Sep 24, 2023

Wilmington, Delaware, United States, May 22, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. – The global beauty tools market stood at US$ 2.2 Bn in 2022 and is projected to reach US$ 3.6 Bn by 2031 , expanding at a CAGR of 5.6% between 2023 and 2031.

Rise in demand for organic & environmentally-friendly products and customer knowledge about personal grooming are likely to drive market development. The global beauty tools market is also driven by rise in disposable income and growing influence of social media and beauty bloggers. Increase in acceptance of grooming habits, such as hair and skin care treatments, is anticipated to create lucrative business opportunities in the global beauty tools market.

Market trends for beauty tools have a big impact on key companies. As a result, they concentrate on funding the development of novel and enhanced beauty items. Leading suppliers of beauty products are working with other companies to diversify their product offerings, increase global footprint, and maintain regional growth.

Business growth is further accelerated by consumers' growing awareness about the need to maintain standards of personal hygiene and grooming. Makers of beauty equipment adopt various marketing techniques to draw in female customers. Besides, more men have been embracing beauty products, which is propelling the market. Development of innovative, environmentally-friendly beauty solutions present lucrative opportunities for market players.

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Market Scope :

Key Findings of Market Report

Global Beauty Tools Market: Growth Drivers

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Global Beauty Tools Market: Regional Landscape

Global Beauty Tools Market: Key Players

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Global Beauty Tools Market: Segmentation

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